Atlanta Braves Holdings Acquires Six-Building 'Pennant Park' Office Complex Adjacent To The Battery Atlanta
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Apr 02 2025
0mins
Should l Buy BATRA?
Source: Newsfilter
Acquisition Details: Atlanta Braves Holdings, Inc. has acquired Pennant Park, a six-building office complex with 763,465 square feet of space and over 2,700 parking spaces, enhancing their real estate portfolio and tenant experience near The Battery Atlanta.
Strategic Growth: This acquisition aims to expand the Braves' footprint, increase available office space to over 3 million square feet, and support the growing community by providing additional amenities for the approximately 9 million annual visitors.
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Analyst Views on BATRA
Wall Street analysts forecast BATRA stock price to rise
1 Analyst Rating
1 Buy
0 Hold
0 Sell
Moderate Buy
Current: 45.770
Low
67.00
Averages
67.00
High
67.00
Current: 45.770
Low
67.00
Averages
67.00
High
67.00
About BATRA
Atlanta Braves Holdings, Inc. is a holding company of Braves Holdings, LLC (Braves Holdings). Braves Holdings is the owner and operator of the Atlanta Braves Major League Baseball Club and a real estate portfolio that includes the mixed-use development, The Battery Atlanta, and is the operator of the Atlanta Braves Major League Baseball Club’s stadium, Truist Park. The Company’s segments include Baseball and Mixed-Use Development. The Baseball segment includes operations relating to the Atlanta Braves Major League Baseball Club and the Braves’ ballpark. The Mixed-Use Development segment includes retail, office, hotel and entertainment operations primarily within The Battery Atlanta. The Battery Atlanta is an approximately 2.25 million square-foot mixed-use development, located around Truist Park at the intersection of I-75 and I-285, and offers an expansive mix of market-exclusive entertainment experiences, chef-driven restaurants, boutique shopping, and others.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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- Market Price Comparison: BATRA shares are currently trading at $43.04, which is 3.5% below Malone's purchase price, providing a relatively cheaper entry point for investors and potentially attracting more attention to the stock.
- Malone's Investment History: Over the past year, Malone has purchased BATRA on 11 occasions, totaling $11.25M at an average price of $41.53 per share, demonstrating his long-term bullish outlook on the company, which may influence market confidence in BATRA.
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- Potential SpaceX IPO: SpaceX is expected to pursue an IPO that could value the company at $1.5 trillion, bringing Musk closer to the goal of becoming the world's first trillionaire, reflecting his strategic positioning in the aerospace industry.
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- Market Potential: Markel Group, dubbed the 'baby Berkshire', is under activist pressure to unlock value through share buybacks and operational improvements, with a current share price around $2,000 and an estimated worth of $3,100, indicating strong growth potential.
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